Advanced Equity Derivatives

Strategic Equity Solutions in the US

Tuesday, May 14 to Friday, June 14, 2024

Member US$350.00

Non-Member US$400.00

Register for Advanced Equity Derivatives

This is a pre-recorded Virtual Conference


Recording available until June 14, 2024


This is a pre-recorded ISDA Virtual Conference:

  • This is a recording of the Advanced Equity Derivatives virtual conference which took place on May 14, 2024
  • Registrants will have access to the recording until 5:30 PM EDT on June 14, 2024
  • After submitting your registration, you will receive a confirmation email with a link to view the documents and recording


Print Agenda Advanced Equity Derivatives for

9:00 AM Introduction and Welcoming Remarks Monica Chiu

Monica Chiu, Senior Counsel, Asia Pacific, ISDA

9:10 AM Variable Share Forwards Ilene K. Froom, Peter Petraro

  • Variable Forward Contracts: An Overview
  • Reasons parties enter into Variable Forward Contracts
  • Use of the transactions by affiliates and holders of restricted stock
  • Guidance from the SEC (the 1999, 2003 and 2011 letters)
  • Section 16 considerations
Ilene K. Froom, Partner, Katten Muchin Rosenman LLP
Peter Petraro, Partner, Jones Day

10:00 AM Call Spreads Gary Rosenblum, Robert Stewart, Yossi Vebman

  • Convertible Bonds
  • Overview of call options
  • Issuer’s use of a call spread to hedge a convertible bond and the net effect on the conversion price
  • Documentation of the lower strike call and the upper strike call (the warrant)
  • Hedging the call spread overlay
  • U.S. securities law considerations
Gary Rosenblum, Managing Director and Associate General Counsel, Bank of America
Robert Stewart, Associate General Counsel & Director, Bank of America
Yossi Vebman, Partner, Skadden, Arps, Slate, Meagher & Flom LLP

11:00 AM Break

11:10 AM Margin Loans Andrea O’Toole, Craig Unterberg

  • Overview of a margin loan
  • Regulation T and Regulation U
  • Margin calls and collateral
  • U.S. securities law considerations
Andrea O’Toole, Head of Equities Legal, Wells Fargo
Craig Unterberg, Partner, Haynes and Boone LLP

12:00 PM Accelerated Share Repurchases (ASRs) John Servidio, Michael Wirgin

  • Overview of an ASR
  • Why would a company use an ASR to buy back its stock?
  • Regulation M, Rule 10b-18 and other U.S. securities law considerations
  • Tax considerations
John Servidio, Partner, Goodwin Proctor LLP
Michael Wirgin, Managing Associate General Counsel, HSBC Securities (USA) Inc.

12:50 PM Conference Concludes

Venue Location:

2024 International Swaps and Derivatives Association, Inc.
ISDA is a registered trademark of the International Swaps and Derivatives Association, Inc.